RE: copper still > 2.527 Feb 2020 21:49
@speedy
Copper topped out 3, but has been trading in a lower range. We have been here before.
AAU is an administrative issues, its being resolved. Production has continued.
ASTOR is 50m our of debt, we either pay it or we don't. Master agreement was badly constructed. If profits > 10m net at Rio we have to pay residual to Astor, so far we have invested at Rio and delayed payment, however profits and copper production increasing. Would be good to have a tidy deal with ASTOR.
You forgot to mention Touro ... don't really care about the place, its not in our valuation, and no Touro = no risk. Plenty to do at Rio tinto and Atalaya . Also other plots in the vicinity.